Geopacific Resources advances its Woodlark Gold Project with strong drilling results and steady progress on its Definitive Feasibility Study, positioning the project for development readiness.
- Woodlark DFS on track for March 2026 delivery
- 14,000 metres drilled with significant high-grade gold intercepts
- Appointment of Chief Geologist to lead exploration strategy
- Project financing preparations underway with joint advisors appointed
- Cash balance of $20.9 million at quarter-end
Steady Progress at Woodlark
Geopacific Resources Limited has reported a productive quarter at its Woodlark Gold Project in Papua New Guinea, maintaining momentum in drilling and project development. The company is on track to deliver its Definitive Feasibility Study (DFS) in March 2026, incorporating optimisations and risk mitigation measures across mining, processing, tailings, and infrastructure.
During the quarter ended 31 December 2025, Geopacific completed approximately 14,000 metres of drilling, targeting near-mine resource extensions and emerging exploration prospects. Notable assay results included high-grade intercepts such as 17 metres at 5.29 grams per tonne gold from 36 metres at Wayai Creek, and 7 metres at 5.50 grams per tonne at Little MacKenzie. These results reinforce confidence in the existing mineral resource and support potential resource growth near planned infrastructure.
Exploration and Resource Growth
The appointment of a Chief Geologist signals Geopacific’s commitment to advancing exploration and growth strategies on Woodlark. The drilling program continues to refine geological understanding and test extensions to known mineralisation, with several prospects such as Kamwak and Boscalo North showing promising alteration and sulphide mineralisation. Assay results from these areas are anticipated in the coming quarter, potentially adding to the project’s resource base.
Geopacific’s focus on near-surface, high-grade zones is particularly encouraging for future mine planning and resource conversion. The Woodlark King Mining Area remains a key focus, with drilling defining a corridor of shallow mineralisation that could extend mine life and improve project economics.
Project Development and Financing
Alongside exploration, the DFS is progressing well with key field programs completed, including geotechnical drilling, tailings management studies, and infrastructure design. The study aims to deliver a finance-ready blueprint for development, with a restated Ore Reserve Estimate expected alongside the DFS.
To support project financing, Geopacific has appointed Argonaut Corporate Finance and Taylor Collison as joint financial advisors. This move underscores the company’s intent to secure funding and strategic equity partnerships as it advances towards construction readiness. The company ended the quarter with a healthy cash balance of $20.9 million, providing a solid financial foundation for ongoing activities.
Sustainability and Community Engagement
Geopacific continues to prioritise safety and community relations, reporting no lost time injuries during the quarter and maintaining a strong safety record over 65 months. The company’s engagement with local communities and health authorities includes support for health awareness, education, and relocation programs, reflecting a commitment to responsible development.
Environmental compliance remains robust, with no incidents reported and ongoing monitoring of local waterways. These efforts contribute to the company’s social licence to operate and underpin sustainable project advancement.
Bottom Line?
As Geopacific nears DFS completion and advances financing, the next quarter will be pivotal in defining Woodlark’s development trajectory.
Questions in the middle?
- Will upcoming assay results from Kamwak and Boscalo North expand Woodlark’s resource base?
- How will the DFS optimisations impact project economics and development timelines?
- What financing structures will Geopacific pursue with its newly appointed advisors?